Gasoline, diesel, kerosene pump prices up by over P1/liter Tuesday, June 17, 2025
Motorists will have to pay more for petroleum products this week, as retailers on Monday announced major upward adjustments to mark the fifth straight week of increases for gasoline, third for diesel, and second for kerosene.
In separate advisories, Seaoil Philippines Corp. and Shell Pilipinas Corp. said they will increase prices per liter of gasoline and diesel by P1.80 each, and kerosene by P1.50.
Cleanfuel will implement the same changes, excluding kerosene which it does not carry.
The adjustments will take effect at 6 a.m. on Tuesday, June 17, for all the firms except for Cleanfuel which will hike prices at 4:01 p.m. the same day.
Other firms have yet to make similar announcements for the week
The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) earlier projected pump price hikes this week, citing gains on positive US-China trade signals, the stall in nuclear negotiations between US and Iran, and the expected oil demand growth in the next two and a half decades.
Firms last week hiked prices per liter of gasoline by P0.60, diesel by P0.95, and kerosene by P0.30. —AOL, GMA Integrated News
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
GMA Network
a day ago
- GMA Network
Gasoline, diesel, kerosene pump prices up by over P1/liter Tuesday, June 17, 2025
Motorists will have to pay more for petroleum products this week, as retailers on Monday announced major upward adjustments to mark the fifth straight week of increases for gasoline, third for diesel, and second for kerosene. In separate advisories, Seaoil Philippines Corp. and Shell Pilipinas Corp. said they will increase prices per liter of gasoline and diesel by P1.80 each, and kerosene by P1.50. Cleanfuel will implement the same changes, excluding kerosene which it does not carry. The adjustments will take effect at 6 a.m. on Tuesday, June 17, for all the firms except for Cleanfuel which will hike prices at 4:01 p.m. the same day. Other firms have yet to make similar announcements for the week The Department of Energy-Oil Industry Management Bureau (DOE-OIMB) earlier projected pump price hikes this week, citing gains on positive US-China trade signals, the stall in nuclear negotiations between US and Iran, and the expected oil demand growth in the next two and a half decades. Firms last week hiked prices per liter of gasoline by P0.60, diesel by P0.95, and kerosene by P0.30. —AOL, GMA Integrated News
GMA Network
5 days ago
- GMA Network
SM Investments Corp, 6 other PH companies on Forbes' Global 2000 List
Seven Philippine companies made it into Forbes' list of the 2,000 largest companies globally for 2025. SM Investment Corp. topped the Philippine conglomerates in 811st spot after recording $10.56 billion sales, $1.44 billion in profit, $29.37 billion in assets, and $18.67 in market value. Banking giant BDO Unibank, Inc. came at 846th garnering $6.31 billion in sales, $1.43 billion in profit, $84.33 billion in assets, and a market value of $15.09 billion. Rounding up the list of Philippine firms are Top Tier Frontier Investment Holdings, Inc. at 1,116th; Metropolitan Bank & Trust Co. at 1,317th; Manila Electric Company at 1,530th; Ayala Corporation at 1,644th; and the International Container Terminal Services, Inc. at 1,702nd. The United States has the most entries on the list with 612 companies. It was followed by China with 317, Japan with 180, India with 70, and the United Kingdom with 68. American banking firm J.P. Morgan Chase remained at the top spot for the third straight year after gaining 30% from 2024. It was followed by Berkshire Hathaway, Inc., another US-based firm. China's Industrial and Commercial Bank of China, Saudi Arabia's Saudi Aramco, and America's Amazon rounded up the top five of the list. Further, Forbes noted that banking is the most represented industry in the list with 328 companies listed. — Vince Angelo Ferreras/BM, GMA Integrated News
GMA Network
10-06-2025
- GMA Network
Manalo, Rubio meet in Washington to strengthen PH-US alliance amid WPS tensions
Foreign Affairs Secretary Enrique Manalo and US Secretary of State Marco Rubio exchange pleasantries during their meeting in Washington, DC on June 9, 2025. US State Department NEW YORK - The Philippines and the United States once again reaffirmed their strong alliance as the foundation of peace and stability in the Indo-Pacific, along with a commitment to further expand security and economic cooperation amid China's increasing assertiveness in the South China Sea. In a meeting held in Washington, DC, Foreign Affairs Secretary Enrique Manalo and US Secretary of State Marco Rubio discussed the escalating challenges caused by China's provocative actions in the disputed islands of the West Philippine Sea. Both leaders emphasized their firm stance on upholding international law and ensuring freedom of navigation in the region. Manalo is currently on a working visit to the US. He was accompanied by Philippine Ambassador to the US Jose Manuel Romualdez during the meeting with Rubio. In addition to security matters, Manalo and Rubio agreed to strengthen economic ties to deliver tangible benefits to the citizens of both countries. The meeting also explored the possibility of new projects for regional cooperation, particularly trilateral initiatives involving Japan, such as the Luzon Economic Corridor — a major infrastructure and trade project aimed at enhancing the economic connectivity of the Philippines and the entire Indo-Pacific region. The meeting also marked a step forward in the ongoing growth of US-Philippine relations, focusing not only on security but also on reinforcing economic resilience and peace in the region. This reaffirmation of the alliance comes amid rising tensions in the South China Sea, where Philippine maritime vessels have repeatedly been blocked and harassed by Chinese ships within Manila's exclusive economic zone. —KG, GMA Integrated News
